the bank of america is a law firm masquerading as a lending institution. benjarvus, green-ellis, merrill lynch. citigroup, still has a ton of dicey loans and not unlocking reserves, company is very conservative, not ready to return capital to shareholders, not yet. and you who knows how new management feels about emerging markets? the former ceo, that's what made citigroup special for me, but when you sack the cheap proponent of the go global strategy, and you put in a conventional banker, what does that say about the entire fund of the investing thesis? very little. these two come on the heels of numbers from jpmorgan and wells far fargo. but the action so to speak in the stock market is about the regionals. wells owns 30% of domestic market. getting stronger every day. bb & t and citigroup, the numbers not that much better than the big boys. it's clear they are being rewarded instantly with higher prices because they are perceived as excellent, clean, noncontroversial ways to play the housing recovery, which we are seeing, almost a million housing starts